World Bank, IMF Urge Nigeria to Strengthen Inflation Control Measures
The World Bank and the International Monetary Fund (IMF) have advised the Central Bank of Nigeria (CBN) to remain committed...
CBN Sets January 31 Deadline for FX Market Compliance Report Submission
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange (FX) market to submit a...
Cash Shortages Frustrate Nigerians as ATMs and POS Operators Struggle
Nigerians continue to grapple with persistent difficulties in accessing cash due to withdrawal limits imposed on Automated Teller Machines (ATMs)...
Nigeria’s Domestic Dollar Bond Adds N1.47 Trillion to National Debt
Nigeria's debut domestic dollar-denominated bond has contributed an additional N1.47 trillion to the country's total domestic debt, according to the...
Nigeria’s Foreign Exchange Reserves Drop by $832.62 Million in Two Weeks
Nigeria's foreign exchange (FX) reserves have seen a significant decline, dropping by $832.62 million between January 6 and January 21,...
CBN Introduces FX Code to Enhance Transparency in NGX
The Central Bank of Nigeria (CBN) has approved the introduction of the Nigerian Foreign Exchange (FX) Code, a significant step...
Nigeria’s Public Debt Rises to N142.3 Trillion in Q3 2024
Nigeria's public debt has surged to N142.3 trillion by the end of the third quarter of 2024, reflecting an increase...
Naira Gains in Black Market Despite Slight Decline in Official Exchange Rate
The Nigerian naira recorded a significant appreciation against the U.S. dollar in the parallel (black market) exchange, reflecting improved market...
Banks Scramble to Settle USSD Debt Ahead of January 27 Deadline
The threat of disconnection looms over nine Nigerian banks due to unpaid USSD debts. With the January 27 deadline set...
Nigerian Equity Market Sheds ₦1.45 Trillion in One Week
The Nigerian equity market faced a significant downturn last week, losing ₦1.45 trillion in market capitalization. The All-Share Index (ASI)...
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UAC Nigeria Lists N54.03 Billion Bond on NGX in Fixed Income Push
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